logo |

Brokers

About WikiFX

    Horseforex

    2-5 years
    |
    Regulated in Australia
    |
    Suspicious Regulatory License
    |
    MT4/5 full license

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10.00

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    Benchmark

    A

    Licenses

    Australia Securities & Investment Commission

    Appointed Representative(AR)

    ASIC Unsubscribed

    Financial Service Providers Register

    Financial Service Corporate

    FSPR Revoked

    National Futures Association

    Common Financial Service License

    NFA Unauthorized

    Australia Securities & Investment Commission

    Common Financial Service License

    ASIC Suspicious Clone

    Overview

    • Company Name:

      Horseforex PTY Limited
    • Company Abbreviation:

      Horseforex
    • Place of registration:

      HorseforexAustralia
    • Regulatory Status:

      Lots of Complaints
    • Customer Service Email Address:

      --
    • Customer Service Phone Number:

      --
    • Company summary

      BasicInformation&RegulatorsofHorseforexHorseGroupwasfoundedin2010andhasaglobalpresencewithcompaniesinvariousfieldssuchasequestrianclubs,research,finance,etc.HorseforexPtyLimitedwasfoundedin2016andofficiallyenteredtheChinesemarketin2017.ThebrokeriscurrentlyregulatedoffshorebytheFinancialServicesCommission(FSC)ofMauritius(RegulatoryCertificateNo.C118023277)andholdsalicensefromtheDubaiMultiCommoditiesCentre(DMCC)(LicenseNo.DMCC-711698).SafetyAnalysisofHorseforexHorseForexclaimstoberegulatedbytheDMCC,buttheDMCCisnotaregulatorybody.Additionally,thetraderisonlyregulatedbytheMauritiusFinancialServicesCommission,whichisnotamainstreamregulator.Thereforeinvestorsshouldtakecarefulconsiderationwhenchoosingthistradingbroker.MarketInstrumentsDMCCprovidesinvestorswithpopulartradingproductsintheglobalfinancialmarkets,mainlyforeignexchange,commodities(naturalgas,copper,cotton,sugar,crudeoil),raremetals,indices,stocks,cryptocurrencies(Bitcoin,Litecoin,Dashcoin,Ripple,Ethereum).Leverage&AccountBothaccountshaveaminimumdepositof$50andareavailablewithleverageof1:30,1:40,1:100,1:200,1:400fortraderstochoosefrom.Spreads&CommissionFeesofHorseforexThemainspreadsforForexproducts:theaveragespreadforEURUSDis0.2pips,theaveragespreadforEURGBPis0.6pips,andtheaveragespreadforGBPUSDis0.6pips.Themainspreadsofmetalproducts:theaveragespreadofgolddollaris1.3pips,theaveragespreadofsilverdollaris3.6pips.Mainspreadsforcommodities:1.5pipsforNaturalGas,2.6pipsforBrentCrudeOil,and2.4pipsforWestTexasCrudeOil.Mainspreadsforindexproducts:26.0pointsfortheGerman30,26.0pointsfortheNasdaq,and40.0pointsfortheHongKongHangSeng.Mainspreadsforstocks:Apple'saveragespreadwas7.0,Amazon'saveragespreadwas80.0,andFacebook'sspreadwas5.0.Cryptocurrencyspreads:Litecoinhasanaveragespreadof316.0,Ripplehasanaveragespreadof320.0,andBitcoinhasanaveragespreadof2400.0.TradingPlatformAppliedHorseFXprovidestraderswithMT4,MT5,MTAppleMobile,MTApplePC,andMTAndroidMobiletradingplatforms.Deposit&WithdrawalofHorseforexForexofferstradersawiderangeofconvenientandefficientwaystodepositandwithdrawfunds,includingUnionPay,Alipay,DigitalCurrency,WireTransfer,PayPal,WeChat,Visa,Skrill/NETELLER,ZOTAPAY,PerfectMoney,etc. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2021.08.03 Risk: 8 Item

    • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!
    • The number of the complaints received by WikiFX have reached 92 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • AustraliaASIC (license number: 001276032) The regulatory status is abnormal, the official regulatory status is Unsubscribed, please be aware of the risk!
    • New ZealandFSPR (license number: 672971) The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!
    • United StatesNFA (license number: 0535400) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!
    • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 672971)Financial Service Providers Register Non-Forex License, please be aware of the risk!
    • This broker exceeds the business scope regulated by United States NFA(license number: 0535400)National Futures Association-UNFX Non-Forex License, please be aware of the risk!
    • The AustraliaASIC regulatory (license number: 330757) claimed by this broker is a suspicious clone, please be aware of the risk!

    WikiFX Verification

    Transaction data

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    • Total Margin

    • Active Trading

    • New User

    • Stop Out Rate

    • Total Profit

    • Total Tnxs

    • Spread Cost

    • Net Deposit

    • Net Withdraw

    Last Updated Time 2021-08

    WikiResearch

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Ad Brand

    • Search Source

    • Language

    Last Updated Time 2021-08
    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      HORSEFOREX PTY LTD

      Effective Date :

      2019-05-28
    • Email Address of Licensed Institution :

      george@alphasecurities.com.au

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      2019-09-01
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      1300 316 357
    • Licensed Institution Certified Documents :

      Horseforex ASIC AR牌照 View Certified Documents Alpha Securities AFCA20200522更新 View Certified Documents 马汇 ASIC监管截图更新20200320 View Certified Documents
    Financial Service Providers Register

    Financial Service Providers Register (FSPR)

    The Financial Service Providers Register (FSPR) has been established under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. FSPR is a searchable register of people, businesses and organisations that provide financial services in New Zealand. It enables over-the-counter brokerage firms that are unregulated, as well as new start-ups, to gain customer confidence and credibility, without the worry of complying with regulatory barriers imposed in a number of other countries.

    • Licensed Institution :

      HORSE GROUP LIMITED

      Effective Date :

      2019-06-22
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      2020-09-03
    • Address of Licensed Institution :

      Level 3, 292 Church Street Palmerston North Palmerston North 4410

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Horseforex FSP牌照 View Certified Documents Horseforex FSCL 页面 View Certified Documents HORSE GROUP FSP20200915更新 View Certified Documents
    National Futures Association

    National Futures Association (NFA)

    National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.

    • Licensed Institution :

      HORSE GROUP CO LIMITED

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      马汇 NFA监管 View Certified Documents
    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      ALPHA SECURITIES PTY LTD

      Effective Date :

      2008-11-06
    • Email Address of Licensed Institution :

      george@alphasecurities.com.au

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Suite 301, 10 Bridge Street, SYDNEY NSW 2000

      Phone Number of Licensed Institution :

      02 9299 9270
    • Licensed Institution Certified Documents :

      Alpha Securities Pty ASIC监管信息截图 View Certified Documents 1 View Certified Documents ALPHA SECURITIES AFCA20200812更新 View Certified Documents 假冒阿尔法证券 afca投诉页面 View Certified Documents

    Horseforex · MT4/5

    Identification Result

      Horseforex · Website

      Most visited countries/areas

          No content

          No data

          Load failure

          Load failure

          Horseforex· Genealogy

          Horseforex · Clones

          Horseforex · Market Analysis

          The data are from WIKI Research    2021.08.03 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          Horseforex · Survey×

          ×
          Horseforex

          根據香港證券及期貨事務監察委員會的規定

          為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

          Alternate Text

          Data Sources WikiResearch 2021.08.03 Update

          数据样本不足

          Data Sources WikiResearch 2021.08.03 Update

          Horseforex · Chart
          Date

          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by VPS
          富拓 · 外链汇总

          Insufficient data samples,Browsing is not supported temporarily

          Alternate Text

          Data Sources WikiResearch 2021.08.03 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          Horseforex
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
          Related Photos
          Confirm to Submit

          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

          Confirm
          Horseforex · Company summary

            Basic Information & Regulators of Horseforex

            Horse Group was founded in 2010 and has a global presence with companies in various fields such as equestrian clubs, research, finance, etc. Horseforex Pty Limited was founded in 2016 and officially entered the Chinese market in 2017. The broker is currently regulated offshore by the Financial Services Commission (FSC) of Mauritius (Regulatory Certificate No. C118023277) and holds a license from the Dubai Multi Commodities Centre (DMCC) (License No. DMCC-711698).

            Safety Analysis of Horseforex

            Horse Forex claims to be regulated by the DMCC, but the DMCC is not a regulatory body. Additionally, the trader is only regulated by the Mauritius Financial Services Commission, which is not a mainstream regulator. Therefore investors should take careful consideration when choosing this trading broker.

            Market Instruments

            DMCC provides investors with popular trading products in the global financial markets, mainly foreign exchange, commodities (natural gas, copper, cotton, sugar, crude oil), rare metals, indices, stocks, cryptocurrencies (Bitcoin, Litecoin, Dashcoin, Ripple, Ethereum).

            Leverage & Account

            Both accounts have a minimum deposit of $50 and are available with leverage of 1:30, 1:40, 1:100, 1:200, 1:400 for traders to choose from.

            Spreads & Commission Fees of Horseforex

            The main spreads for Forex products: the average spread for EURUSD is 0.2 pips, the average spread for EURGBP is 0.6 pips, and the average spread for GBPUSD is 0.6 pips. The main spreads of metal products: the average spread of gold dollar is 1.3 pips, the average spread of silver dollar is 3.6 pips. Main spreads for commodities: 1.5 pips for Natural Gas, 2.6 pips for Brent Crude Oil, and 2.4 pips for West Texas Crude Oil. Main spreads for index products: 26.0 points for the German 30, 26.0 points for the Nasdaq, and 40.0 points for the Hong Kong Hang Seng. Main spreads for stocks: Apple's average spread was 7.0, Amazon's average spread was 80.0, and Facebook's spread was 5.0. Cryptocurrency spreads: Litecoin has an average spread of 316.0, Ripple has an average spread of 320.0, and Bitcoin has an average spread of 2400.0.

            Trading Platform Applied

            HorseFX provides traders with MT4, MT5, MT Apple Mobile, MT Apple PC, and MT Android Mobile trading platforms.

            Deposit & Withdrawal of Horseforex

            Forex offers traders a wide range of convenient and efficient ways to deposit and withdraw funds, including UnionPay, Alipay, Digital Currency, Wire Transfer, PayPal, WeChat, Visa, Skrill/NETELLER, ZOTAPAY, Perfect Money, etc.


          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.